Microfluidics Market Analysis, Global Insights and Outlook to 2024: Hexa Reports

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Microfluidics Market Analysis, Share and Size, Emerging
Trends, Growth, Overview And Segment Forecasts To 2024

The global microfluidics market is expected to reach USD 10 billion by 2024, according to a new report
by Grand View Research, Inc. The demand for this sector is expected to upsurge due to the introduction
of improved technology, such as digital microfluidics, which enables on-chip biochemical analysis.
Industry players are introducing newer sampling technologies to meet the demand for screening a huge
number of biological samples. For instance, in March 2014, Dolomite launched Mitos Dropix capable of
generating miniature droplets to isolate contents. The patented droplet picking technology enables
high-throughput sample screening.
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Moreover, researchers are continuously striving to come up with improved sample droplet production
techniques. For instance, Columbia University introduced the picoliter fluid dispensation technology.
This lab-on-chip technology could deliver sample volume less than 50 nL. Integrating microfluidics with
multiplexed sensing technology allows multiple sample analytical application.
Further Key Findings From the Study Suggests:
In Vitro Diagnostic (IVD) segment dominated the application segment owing to the increasing adoption
of microfluidics in this market. Moreover, the leaders in the diagnostics sector, such as Abbott, Roche,

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and Danaher are encouraging the use of newer microfluidics technologies, such as the monodisperse
Novel drug delivery system requires the administration of the drug in the form of nanoparticles, thereby
reducing the onset of action. Devices such as microneedles, pumps, and inhalers are expected to
experience fastest growth during the forecasted period....